NOT LISTED FOR SALE

Estimated Value: $2,007,000 - $3,155,000

5 Beds
5.5 Baths
3,350 Sq Ft
$775/Sq Ft Est. Value

Last Sold April 28, 2021

Last sale price $1,590,000 $475 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $14,387/month

2,571 Days on Market

About This Home

As of April 2021



2-Family Brownstone with DOB Approved Plans for Owner's Triplex Over Garden Rental Duplex



Of all the beautiful homes in Bedford-Stuyvesant, this rare opportunity to do your own home renovation in this handsome, 20-foot wide brick brownstone loaded with original details, waiting to be restored back to their original beauty, stands out. The residence at 389 Jefferson Avenue is undeniably unique with it's beautiful brick facade, brownstone stoop matching with the adjacent row houses, roof cupola and incredible architectural details on the lintels and heads, mansard roof and original detailed cornice. The home masterfully introduces bright and airy living spaces while keeping the building's historic bones intact, all situated on one of the most sought-after blocks in the neighborhood.



This brownstone offering includes DOB approved architectural plans calling for a full gut-renovation upper owners triplex over garden rental unit. The brownstone has just undergone a full clean out, approved DOB plans, architect fully paid and all DOB filling/ application fees paid. Start pulling permits and building your dream home the day you close instead of waiting 12 months for DOB to approve! The next lucky buyer will have the ability to hand-pick their finishes, appliance package, paint colors, kitchen and bath colors and designs and can even adjust the layout if the proposed plans don't completely suit your needs.



Originally built in the early 1900's with Neo-Grec and Second Empire influences, 389 Jefferson Avenue boasts over 3,350 square feet of living space. This stunning brownstone is at the epicenter of vibrant Bedford-Stuyvesant living and surrounded by the area's best restaurants, nightlife and local hangouts. Saraghina, Peaches, Tepache, Lovers Rock and Bed-Vyne Cocktail and TreeHouse BK are all within easy reach. Nearby A/C, G and LIRR trains offer fantastic access to transportation, putting Lower Manhattan just 30 minutes away. Don't miss this rare opportunity to call this perfectly conceived townhouse yours!



Please contact us to schedule a private tour.

Last Agent to Sell the Property

John Ameralis

AMERALIS GROUP REAL ESTATE INC License #10311210186 Listed on: 11/01/2019

Co-Listed By

Keith Arthur

Compass License #10301212387

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,782

Year Built

  • Built in 1915

Lot Details

  • Lot Dimensions are 20.0 x 100.0

Home Design

  • Pre War Building

Interior Spaces

  • 3,350 Sq Ft Home
  • 4-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms

Community Details

  • Bedford Stuyvesant Subdivision

Listing and Financial Details

  • Legal Lot and Block 55 / 1830

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,782

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Cross Street: Tompkins Avenue/Throop Avenue
  • Property SubType: Single Family Residence
  • Property Type: Residential
  • Neighborhood: Bedford Stuyvesant
  • Architectural Style: Prewar
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 4

Interior Features

  • Living Area: 3350.0
  • Living Area Units: Square Feet

Beds/Baths

  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Bathrooms Integer: 6
  • Bedrooms: 5

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 20.0 x 100.0

Building Info

  • Total Stories: 4
  • Year Built: 1915

Tax Info

  • Tax Block: 1830
  • Tax Lot: 55

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2019
Closed on
Apr 28, 2021
Sold by
Devito Properties 389 Inc
Bought by
Gray Rachel and Pundir Prabhakar Rohan
Seller's Agent
John Ameralis
AMERALIS GROUP REAL ESTATE INC
List Price
$1,590,000
Sold Price
$1,590,000
Current Estimated Value
$2,595,856

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,005,856
Avg. Annual Appreciation
11.51%
Original Mortgage
$1,883,000
Outstanding Balance
$1,706,468
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$889,388

Purchase Details

Closed on
Oct 2, 2019
Sold by
Allanna Laidlow Administrator
Bought by
Devito Properties 389 Inc

Purchase Details

Closed on
Mar 1, 2000
Sold by
Best Express Homes Inc
Bought by
Laidlow Cathilde W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,835
Interest Rate
8.26%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 29, 1999
Sold by
Gibbons Donna
Bought by
Best Express Homes Inc

Purchase Details

Closed on
Jul 14, 1997
Sold by
Fortune Properties Inc
Bought by
Gibbons Donna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
7.41%

Purchase Details

Closed on
Feb 29, 1996
Sold by
Dema Valentina
Bought by
Fortune Properties Inc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gray Rachel $1,590,000 --
Devito Properties 389 Inc $1,420,000 --
Laidlow Cathilde W $279,000 --
Best Express Homes Inc $190,000 --
Gibbons Donna $190,000 --
Fortune Properties Inc -- Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gray Rachel $1,883,000
Previous Owner Laidlow Cathilde W $278,835
Previous Owner Gibbons Donna $171,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/28/2021 04/28/21 Sold $1,590,000 0.0% $475 / Sq Ft
01/21/2021 01/21/21 Pending -- -- --
01/07/2014 01/07/14 For Sale $1,590,000 -- $475 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,782 $124,740 $15,720 $109,020
2024 $8,782 $119,280 $15,720 $103,560
2023 $4,780 $100,680 $16,380 $84,300
2022 $3,445 $110,340 $16,380 $93,960
2021 $4,410 $102,600 $16,380 $86,220
2020 $4,410 $90,360 $16,380 $73,980
2019 $4,347 $90,360 $16,380 $73,980
2018 $3,999 $19,615 $3,199 $16,416
2017 $3,773 $18,511 $3,902 $14,609
2016 $3,491 $17,464 $4,000 $13,464
2015 $1,886 $17,464 $4,509 $12,955
2014 $1,886 $17,317 $4,905 $12,412
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10628422

Real Estate Board of New York (REBNY)

APN: 01830-0055